African countries lead in economic growth rates
According to data published by the International Monetary Fund in the World Economic Outlook for April 2026, the group of African countries is among the fastest growing economies in the world. Ethiopia leads the way with an increase of about 9.2%, followed by Guinea (8.7%), Uganda (7.5%), Rwanda (7.2%) and Benin (about 7%).
In Ethiopia and Uganda, economic growth is driven by large-scale investments in infrastructure and industrial development. Guinea's economy is largely supported by the mining sector, especially bauxite. Rwanda and Benin are focused on providing services, improving business conditions, and digital transformation.
INTERNATIONAL MONETARY FUND
